Real Estate

The Covid-driven exodus from cities may be permanent, Goldman warns

It could take several years for urban vacancy rates to normalise

Thursday 25 February 2021 at 13:50

The signs of change are ubiquitous
The signs of change are ubiquitous Photo: Getty Images

A return to normal City life post-pandemic might take longer than anyone thought.

That's according to Goldman Sachs, which said in a note on 21 February that it may take years for urban vacancy rates to normalise even amid an easing of lockdown restrictions and as employment levels bounce back.